Federalism and fiscal reform

In Brazil there is a general consensus that fiscal adjustment measures are requiredto obtain price stability. Nevertheless, this appears as an empty consensus becauseit is stated as general propositions with little operational content. This article intends to goa little further presenting fiscal iss...

Descripción completa

Detalles Bibliográficos
Autor: Filho, André Franco Montoro
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:1994
País:Brasil
Institución:EDITORA 34
Repositorio:Revista de Economia Política
Idioma:portugués
OAI Identifier:oai:ojs2.centrodeeconomiapolitica.org:article/1289
Acceso en línea:https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1289
Access Level:acceso abierto
Palabra clave:Fiscal federalism
fiscal adjustment
intergovernmental relations
taxation
Federalismo fiscal
ajuste fiscal
relações intergovernamentais
taxação
Descripción
Sumario:In Brazil there is a general consensus that fiscal adjustment measures are requiredto obtain price stability. Nevertheless, this appears as an empty consensus becauseit is stated as general propositions with little operational content. This article intends to goa little further presenting fiscal issues and reforms related to the theory of fiscal federalism.It is argued that most of macroeconomic fiscal problems arises from an unclear division ofduties between federal and state and local governments. Political resistances to change arereported and a scheme of fiscal federalism combined with revenue sharing is proposed asa way to overcome the obstacles to reform since it associates local demand diversity withregional income redistribution. JEL Classification: H20; H77; H71.